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Commercial Metals: Fiscal Q4 Earnings Snapshot
IRVING, Texas (AP) — IRVING, Texas (AP) — Commercial Metals Co. (CMC) on Thursday reported fiscal fourth-quarter profit of $184.2 million.
The Irving, Texas-based company said it had net income of $1.56 per share. Earnings, adjusted for one-time gains and costs, were $1.69 per share.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.84 per share.
The manufacturer and recycler of steel and metal products posted revenue of $2.21 billion in the period.